Category: Economy&Finance
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A total of 1,096 youths from Bungoma County are set to benefit from the government’s National Youth Opportunities Towards Advancement (NYOTA) program, which provides business funding and training opportunities to empower young people across the country. The project rolled out in Bungoma at the Kibabii Vocational Training Centre, seeks to equip youths with vital business…
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Emmanuel Kioko worked at a small car wash in Nairobi. For years, life was a constant struggle — his modest salary barely covered rent for his tiny bedsitter, and many days he had to stretch just to afford two meals. Each evening, as he counted coins, he dreamed of something better, a chance to break…
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Reports that Elon Musk’s artificial intelligence startup xAI has raised $10 billion at a $200 billion valuation have set off a storm of speculation. Depending on who you listen to, this is either a validation of Musk’s strategy to challenge OpenAI and Anthropic, or a prime example of overheated hype in private markets. The story…
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Dr. Kamau Thugge, the Governor of the Central Bank of Kenya (CBK) [Photo credits: Kenya Banking Insights] The Central Bank of Kenya (CBK) has put commercial banks on notice: stop hiding behind excuses and start lowering lending rates. At the heart of this demand is a new framework, the Kenya loan pricing model, anchored by…
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Microfinance banks in Kenya were designed to fill a gap. They were supposed to serve the market that traditional banks ignored — small traders, farmers, young entrepreneurs, households without collateral. Two decades later, the sector is struggling to survive under a regulatory framework its executives say is tilted against them. Losses have become the norm…
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Britam’s BetaLab has announced the launch of the Regional Startup Challenge 2025, a new initiative designed to identify and support growth-stage startups across Rwanda, Tanzania, and Uganda. The program aims to accelerate East Africa’s digital transformation by fostering collaboration with some of the region’s most promising innovators. The challenge is targeting established startups that are…
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Kenya Revenue Authority (KRA) has held a Citizen Assembly in Nakuru County, bringing together entrepreneurs, business owners, and community representatives for a public conversation on tax administration and service delivery. The forum is part of Speaking during the forum, KRA’s Board Chairman Hon. Ndiritu Muriithi emphasised KRA’s focus on taxpayer-centered service delivery. “We recognise that…
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Kenyans have been crying about the cost of credit. Now, the Central Bank of Kenya (CBK) has delivered a firm message: no more games. Governor Dr. Kamau Thugge has told banks to immediately roll out the new Kenya Shilling Overnight Interbank Average (KESONIA) as the common reference rate for all variable loans. For years, borrowers…
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Development is not a photo-op with concrete in the background. It is a system that creates dignified jobs, raises productivity, and compounds national capability. You’ve mistaken construction for development, and the country is paying for that confusion. Houses don’t feed a nation; factories do. A home is an outcome of prosperity, not its engine. When…
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United Bank for Africa (UBA) Kenya has signed a Memorandum of Understanding (MoU) with the Investing in Young Businesses in Africa – Supporting Entrepreneurial Ecosystem Development (IYBA-SEED) programme to expand access to finance for youth-led enterprises and women-led green businesses in Kenya. IYBA-SEED is a European multi-partner initiative funded by the European Union and the…